Samuel J. Palmisano

Since 2006 - when the Securities and Exchange Commission began requiring companies to disclose more detail about executive compensation - the perks of top managers have been under attack. Under pressure from investors and the fear of embarrassing optics for companies, many have quietly vanished. Country club memberships have all but gone the way of the three-martini lunch. Allowances for company cars? So very 2005.

But one perk with staying power, say executive compensation consultants, is the executive physical. The often deluxe checkup allows busy top managers to see a variety of doctors and get a battery of tests performed at one time, whether in top-notch medical centers like...

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Since 2006 - when the Securities and Exchange Commission began requiring companies to disclose more detail about executive compensation - the perks of top managers have been under attack. Under pressure from investors and the fear of embarrassing optics...